Basic Economic Problem

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Across
  1. 3. Goods which are created from scarce resources
  2. 4. materials used to produce goods and services are known as
  3. 6. Due to unlimited wants and scarce resources we have to make ______
  4. 7. Any resource which is not scarce is called
  5. 10. anything which is not classified as needs are known as_____
Down
  1. 1. next best alternative foregone while making a choice
  2. 2. basic necessities of life such as food shelter and water are known as
  3. 5. economic term for manpower used as factors of production
  4. 8. unlimited wants and limited resources lead to....
  5. 9. In economics all resources derived from mother nature are termed as______